How to Start an Import and Export Business in Dubai
With the new regulations on the business establishment and foreign ownership, it’s become more convenient to set up company in Dubai. While the process itself is straightforward, it is challenging for business owners and investors who are not familiar with the legal processes and requirements to start business in Dubai.
If you’re looking into starting an import and export business, here’s what you need to do.
Determine the business activity
As with any other type of business, the first thing you need to do is to choose a business activity. In case you don’t have a specific activity in mind, you can choose from the thousands of business activities that already exist in Dubai. Just keep in mind that when applying for a license, you need to choose the import-export license category for your business.
Pick a trading name
Before applying for a license, you must choose a brand or name that clearly describes your business. The name must also comply with Dubai’s business naming rules and must not use any terms that are considered offensive or blasphemous.
Choose a location
Depending on the nature of your business, it may be more beneficial to choose a location that specializes in providing similar services or products. When possible, consider establishing your business in free zones as it can help in reducing business setup in Dubai cost.
Complete application and payment
Before you can legally start your new business setup Dubai, you must complete the application and payment for all necessary licenses and permits. Once you receive your license, you may start working on the other requirements of the business such as a bank account and an appropriate facility for your business operations.
In case you are not familiar with the legal process of starting a new business and you wish to complete these without delay, consider hiring professionals who specialize in PRO services Dubai.
If you need PRO services to help you acquire the requirements to start a new business or need legal advice for establishing an import-export business in Dubai, our experts at Austria Business Center can help.
We offer a range of business solutions that can be modified to fit your specific requirements. We also offer offices and meeting rooms for rent if you need a venue for other business functions.